AdExchanger.com: ClearSaleing CIO Goldberg Reviews Attribution Across Digital Advertising

Wednesday, December 22nd, 2010

Adam Goldberg is Chief Innovation Officer of ClearSaleing. AdExchanger.com asked Goldberg about the latest advancements and traction with effective attribution modeling in digital advertising.

AdExchanger.com: How does ClearSaleing approach attribution across channels and what are the coming milestones in cross channel attribution? Attribution modeling for an SEM direct response campaign seems pretty straightforward.

AG: Today, we have the ability to perform attribution across any online channel.  We are able to account for the value of a click, a view-thru, an interact-thru, and video on a conversion.  If we can track that an ad, a video, a direct visit, organic visit, etc., was involved in a conversion, we can attribute credit (profit, revenue, sales, engagement) across those activities in a statistically sound manner…

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Attribution Management Forum 2.0 – Measuring an Ad’s Value

Tuesday, December 29th, 2009

Watch the Forum- Real Media Audio (16k)

Watch the Forum- Windows Media Audio (16k)

Original Date- January 29, 2009

Length- 52 minutes

This webcast continues the discussion surrounding how to identify, define and ultimately recommend better ways to measure and value an ad.
We’ll present a series of interactive polling questions and share the results with the audience immediately, so you’ll get some real-time information as to how leading internet marketers value ads.
Any good Internet marketing professional knows that assigning all of the value to the last ad clicked on before the conversion is inherently flawed. However, most Internet advertisers lack:

•   The tracking technology required to determine the actual team of ads and their sequence that lead to the conversion.

•   The valuation methodology to properly assess each ad’s true contribution and value to the conversion.

    While a few technologies are now able to effectively track and assemble the purchase path leading to conversion, there is no industry-accepted standard or method for assigning relative value to ads in the path. How do we effectively attribute which ad – or group of ads – ultimately led to the final conversion?
    We’ll cover a variety of common issues and scenarios surrounding attribution, such as:

    •   How length of time between searches affect how ads are credited

    •   Lifetime ad value with use of additional search

    •   Best allocation of different advertising scenarios, such as online-offline

          Watch the Forum- Real Media Audio (16k)

          Watch the Forum- Windows Media Audio (16k)

          How to do Attribution Management When the Product Sold is Unrelated to the Ad(s)

          Wednesday, February 11th, 2009

          One of the most repeated stats about online marketing is that 44% of the purchases that happen online from advertising are for products unrelated to the ad(s) clicked on. If an online marketer were able to see the ad(s) that a consumer clicked en route to purchase, and discovered that the product they purchased was unrelated to the ad(s), how would they attribute sales credit across the ad(s)?

          During the Attribution Management Forum 2.0 (AMF) on Jan 29th, 2009, we posed that question to an audience of hundreds of senior online marketers and asked them to vote on the attribution model they would use in the following scenario:

          In this scenario, a consumer did a search looking for “running shoes” and clicked on an ad for the Finish Line, but not did buy. They did a second search which was more refined and looked for “woman’s Nike Shox” and still did not buy. They then did a branded search for “Finish Line” and made a purchase. However, the product they purchase was unrelated to the first two ads.

          We provided the audience with 3 attribution models they could choose from. They were as follows:

          If you voted for:

          A) Attribution Rule A, there were 3 ads involved before the sale. Regardless of which product was purchased, all 3 ads contributed and deserve equal credit for the sale.

          B) Attribution Rule B, the product sold does not matter. However, when a branded term is used at the end of a path, it is being used to navigate back to the Finish Line. The customer could’ve found the Finish Line through the address bar or bookmark, however, they chose to use search again. In this instance, the consumer has already decided to buy and no sales credit goes back to the branded term at the end of a Purchase Path. Credit for the sale is split evenly between the first and second search.

          C) Attribution Rule C, the purchase has nothing to do with what they searched for. Therefore, credit is excluded from the terms that do not relate to the product bought. All of the credit of the sale is attributed to the final ad for “Finish Line”.

          The following charts highlight how the AMF participants felt attribution should be given, broken out by the indicated Attribution Management Experience Level:

          poll_2_results

          What is interesting from these results?

          • We presented the same scenario in the first Attribution Management Forum, but did not disclose the type of product sold. All the audience knew was that a sale occurred after clicking on the same 3 search ads. Over 76% of the group with the most AM experience voted to exclude giving credit to the branded term at the end of the path and favored dividing the credit across the first 2 search ads. In the scenario above, where the product sold was not related to the ads, only 17.95% chose to vote the same way.
          • Almost 36% of the experienced group voted to give credit solely to the branded term at the end of the path. This was not the case in AMF 1.0 where the experienced group thought a branded term at the end of the path was used for navigation and was not deserving of sales credit.
          • It would be interesting to know how the audience would have voted if the 3rd search term was not a branded search, but instead was another running shoe related term.
          • Why do people search and click on ads for one type of product, but then buy something very different? One obvious reason could be in the case of gift shopping. Perhaps you really wanted to buy someone shoes and when you got to the site another product caught your eye. Or perhaps your selection of shoes was not good enough or your prices were too high, but your selection and prices on other unrelated products of interest were in line.
          • If a retailer could isolate ads that sell unrelated products, they could try to understand why they have difficulty selling those items. It probably has to do with the 4 P’s of marketing: Product, Price, Promotion, or Place.

          Twitter and the address bar

          Friday, February 6th, 2009

          In this Purchase Path a consumer sees a Tweet on Twitter promoting a discount on Nike Shox at Finish Line that is valid until midnight. The consumer clicks on the Twitter URL, but does not buy at that point. They go to the address bar and type in the URL for the Finish Line and proceed to the site. Again, they complete the purchase before midnight and thus receive the advertised discount.

          1. In Attribution Rule A, credit is split evenly between Twitter and the address bar.
          2. In Attribution Rule B, Twitter is given all of the credit, either because it is seen as a valuable advertising source and therefore fully responsible, or because you don’t choose to credit the address bar.
          3. In Attribution Rule C, Twitter does not get credit. The use of the address bar implies that it should be counted as a direct visit and a direct sale. Twitter is excluded from receiving credit for the sale, and the address bar get 100%.

          See how other Forum attendees voted

          Twitter and a Paid Search

          Friday, February 6th, 2009

          In this Purchase Path a consumer sees a Tweet on Twitter promoting a discount on Nike Shox at Finish Line that is valid until midnight. Then the consumer clicks on the Twitter URL, but does not buy at that point. Then they do a search for “Woman’s Nike Shox”, and click on the Finish Line sponsored link. They complete the purchase before midnight and therefore receive the advertised discount.

          1. In Attribution Rule A, Twitter is treated like an ad source and therefore deserves credit for the sale the same way an advisement would. The search also led them to the purchase, so the credit is split evenly between the 2 sources.
          2. In Attribution Rule B, Twitter introduced the consumer to the product and informed them of the discount. Twitter did all the work, while the search was merely for navigational purposes; therefore Twitter deserves 100% of the credit.
          3. In Attribution Rule C, the last action before the purchase was a paid click, so all the credit goes to the search. Twitter is not viewed as an ad source and gets no credit for the sale.

          See how other Forum attendees voted

          Should SEO be credited when used with search?

          Friday, February 6th, 2009

          In this Purchase Path, someone does a search for “running shoes”, clicks on the sponsored link, but does not make a purchase. They refine their search to “Woman’s Nike Shox” and this time click the organic listing for Finish Line. No purchase occurs. Then they search for “Nike Shox Turbo VII” and click on a paid link. Again, no purchase occurs. Finally, they type in “Finish Line” in the search box, click on the organic link, and complete the sale. How should the mix of SEO and PPC be attributed?

          1. In Attribution Rule A, all the ads and SEO efforts are considered equally important. It took 4 touch points on the website for the consumer to buy, so the credit is divided equally among the 4 all efforts and they are each given 25% of the credit for the sale.
          2. In Attribution Rule B, credit is only attributed to the ads, giving each 50%, while the SEO does not receive any credit for the purchase.
          3. In Attribution Rule C, all the touch points deserve credit. The reason they typed “Finish Line” in and clicked on the organic link was simply to navigate back to the site. At this point, the consumer already made up their mind to buy and the last SEO effort should be excluded from receiving credit for the sale.

          See how other Forum attendees voted

          Catalog/Direct Mail with a Branded Search

          Friday, February 6th, 2009

          In this Purchase Path the advertiser sends something direct mail (such as a catalog or flyer). The consumer then goes online and does a search for the branded term (Finish Line), clicks on the ad, and makes a purchase. It is known that the catalog was received within 7 days of them making the online purchase.

          1. In Attribution Rule A, the credit is distributed evenly between the catalog and the search.
          2. In Attribution Rule B, both sources deserve credit, however the breakdown between the 2 is not known. The catalog and the branded search each deserve a portion of credit for the sale, but it is undecided which is greater.
          3. In Attribution Rule C, the catalog is given 100% of the credit for the search. It introduced the consumer to the product they purchased and going to the website was simply the easiest way for them to place the order.
          4. In Attribution Rule D, the branded search is the easiest to track and therefore gets all the credit for the sale. It is also the action that lead most directly to the purchase.

          See how other Forum attendees voted

          Total Economic Impact: Attribution Webinar


          Forrester Consulting recently examined the total economic impact and potential ROI that enterprises may realize by deploying ClearSaleing's advanced advertising analytics and attribution management platform. Register for the webinar to see the full analysis and the benefits from implementing an attribution management solution.

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          Independent technology research firm Forrester Research, Inc. selected vendors for a 44-criteria evaluation to determine the leaders in the attribution management field.
          ClearSaleing Takes "Top Honors"
          ClearSaleing received the highest scores in both the “Current Offering” and “Strategy” categories.
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          About Attribution Management

          In the world of online marketing, Attribution Management is the process of properly identifying and valuing the chain of marketing initiatives and advertisements that lead to a sale or conversion.

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